But, to get things started, a general rule of thumb that many investors use for flipping properties, which is what I'm assuming you plan to do from your post, is to only have 65% invested in the ARV of the property.

t=3626Make sure you read the rules first and get involved before you post.

Its the same formula calculations, but its just coming from different directions.You have to be careful how you factor the numbers or you will start learning about the Please Excuse My Dear Aunt Sally rules.

In Massachusetts (I get tired of its absurd rules) you sometimes need to give 6 months or more notice to certain people, living in certain buildings, under certain conditions.

It's a beautiful building which served as a retirement home until fire restrictions and laws forced it to shut down.

All with 55-70% LTV with little or no work needed, range from $500,000 - $3MM.Please call me [number removed - please read forum rules] if you are serious about procuring the properties you mentioned and can close fast and on time.

On similar lines, to post in our dealmaking section, you also need a minimum number of posts.This ensures that our users are at least somewhat familiar with you, and it also ensures that you contribute to the community before making any "personal gains" from the site.I hope you can understand our policies (clearly stated in our forum rules) and ask that you abide by them in the future.Thank you.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

Here are the numbers for this as a rental.Gross income $550Operating Expenses $275NOI $275Mortgage ($39,000, 6.5%, 30 yr) $290Monthly LOSS $15Generally, as a rule of thunb, you should get about 2% of your investment in the property (purchase price + rehab, etc) per month in rent.

As a general rule, I do not pursue any property that I do not believe I can get 75% of market value on.